Octave Capital, Tsao Pao Chee’s in-house impact fund, and Norway-based Katapult Ocean today stood up the $75 million Asia Ocean Fund, one of the region’s largest “blue” funds.
Asia’s ocean sector produces most of the world’s seafood, manages more than two-thirds of global maritime trade, and supports millions of livelihoods. The ocean “has an abundance of resources, the fruits for humanity, if we can only make it thrive and learn how to harvest in a positive way,” Katapult’s Tharald Nustad said at Impact Week in Singapore this week.
Tsao Pao Chee is a Singapore-based family enterprise with its roots in the maritime sector. The Asia Ocean Fund will make 20 investments over the next five years in startups with solutions to maritime decarbonization, ocean renewable energy, green shipping infrastructure and other ocean themes.
